Lending

Listed lender HF Group is seeking to raise Sh5.9 billion through a rights issue to boost its capital and lending. The cash call will see the bank issue 1.49 billion new shares at three per person, with each share priced at Sh4 apiece,…

NCBA Kenya has cut lending rates as lenders respond to the Central Bank of Kenya's (CBK) move to cut its benchmark interest rate by the biggest margin since 2020. The bank said on Friday it would cut interest rates on new…

As traditional banks tighten lending standards, a growing number of UK entrepreneurs are turning to pawnshops for vital funding. H&T, Britain's largest mortgage lender, has reported a rise in the number of small business…

(Reuters) - Mortgage finance companies Fannie Mae and Freddie Mac plan to impose tougher rules on lenders and commercial real estate brokers in the wake of an emerging regulatory crackdown on fraud in the multitrillion-dollar market, the…

Kenya's central bank fined 12 commercial banks last year for breaching rules on lending, capital adequacy and investment, new disclosures show. While the Central Bank did not disclose the affected institutions and the size of the fines,…

NEW YORK (AFP) - Bank of America Corp reported a decline in second-quarter profit on Monday, as higher interest rates eroded the bank's expenses, including its large consumer banking franchise.But like Goldman Sachs, Bank of America has…

Simply Asset Finance has announced a major milestone, securing a £120 million loan facility from Bank of America. This new facility, initially set at £60 million with potential to expand to £120 million, will significantly enhance…

Cryptocurrency exchange Gemini, owned by the Winklevoss twins, has returned $2.2 billion to users of its EARN program after halting withdrawals 18 months ago, CNBC reported. The move follows a major settlement between the New York Attorney…

The Kenya Development Corporation (KDC) has secured a Sh500 million grant from the World Bank to boost its loans to companies managing climate-related shocks. KDC General Manager Nora Ratimo said the company will receive the grant by…

NatWest Group announced today that it has now lent more than £1.5 billion to women-led businesses since 2021, and is on track to exceed its target of lending £2 billion by the end of 2025.This is a faster pace than expected, and shows…